SSAB AB (publ) (OTCMKTS:SSAAY) Stock Price Crosses Below 50 Day Moving Average of $3.66

SSAB AB (publ) (OTCMKTS:SSAAY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.66 and traded as low as $2.90. SSAB AB (publ) shares last traded at $2.93, with a volume of 2,344 shares trading hands.

SSAB AB (publ) Price Performance

The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 4.84 and a beta of 1.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.45 and a current ratio of 2.63. The company has a 50 day moving average of $3.66 and a 200 day moving average of $3.49.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its earnings results on Wednesday, January 31st. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. SSAB AB (publ) had a return on equity of 18.72% and a net margin of 10.91%. The firm had revenue of $2.49 billion during the quarter. As a group, equities research analysts anticipate that SSAB AB will post 0.38 EPS for the current year.

SSAB AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be paid a dividend of $0.2366 per share. The ex-dividend date is Thursday, April 25th. SSAB AB (publ)’s payout ratio is 50.00%.

About SSAB AB (publ)

SSAB AB (publ) produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products for steel and plate production.